To find: the value of laptop computer.
Answer to Problem 37E
Explanation of Solution
Given information:
Benefit from incentive plan for employees who worked for 4 years is equal to sum of $516 and price of laptop computer.
Benefit from incentive plan for employees who worked for 3.5 years is equal to sum of $264 and price of laptop computer.
Calculation:
Let the benefit for incentive plan be x and the price of laptop computer be y.
The equation for the given two statements would be as follows:
Rewrite both the equations in terms of y
Now, equate both the equations and solve them as shown below.
Put the value of x in equation (1) and solve it for y as shown below.
Therefore, the value of laptop computer is $1500.
Chapter 2 Solutions
Advanced Mathematical Concepts: Precalculus with Applications, Student Edition
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